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Assume Anderson's Inc has Preferred Cumulative nonparticipating and Common Stock. The following Dividends were paid out $45,000 2017, 0 2018, and 35,000 in 2019.
Assume Anderson's Inc has Preferred Cumulative nonparticipating and Common Stock. The following Dividends were paid out $45,000 2017, 0 2018, and 35,000 in 2019. What amount goes to Common and Preferred Stock for each year? Common Stock has a par value of $300,000 and 7% preferred stock has a par value of $90,000. 2017 Common Stock Preferred Stock 2018 Common Stock Preferred Stock IF 2019 Common Stock Preferred Stock
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